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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (3492)	6/9/1998 10:54:00 PM
From: Smooth Drive	Read Replies (2) of 34811

Hi Bruce, >>Chartcraft takes high poles very seriously. They have found that these patterns lead to moves below a previous bottom 80% of the time.<< You've referenced this a few times and I wasn't aware of this interesting little fact. Don't recall seeing it in Burke's book. Did I miss it, or is it discussed somewhere else? Have you found the 80% to be fairly accurate? Regarding the "Moves below a previous bottom 80% of the time" is it in fact the column of O's that created the high pool going below the previous bottom? Or, a subsequent column of O's? Please provide all the data you know about this. i.e., does it matter what the bullish % is; the RS; trend + or -, etc. Thanks. Take care, Eric

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